Streetbeat News

DVN

Devon Energy Corporation

https://www.devonenergy.com

Industry

Oil & Gas Exploration & Production

Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 5,134 gross wells. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.

Open

33.61

Mkt cap

22B

Volume

8.4M

High

34.58

P/E Ratio

7.58

52-wk high

55.09

Low

33.44

Div yield

0.04

52-wk low

30.39

Piper Sandler analyst Mark Lear maintains an Overweight rating on Devon Energy but lowers the price target from $57 to $56.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:39 pm

Energy stocks are experiencing a decline as oil prices drop following reports that Israel may target military sites in Iran, excluding oil or nuclear targets.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:52 am

Devon Energy (NYSE:DVN) has outperformed the market over the past 5 years with an average annual return of 16.59%, surpassing the market by 2.2% annually. A $1000 investment in DVN 5 years ago would now be worth $2,093.23.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 5:30 pm

Scotiabank analyst Paul Cheng maintains a Sector Outperform rating on Devon Energy but lowers the price target from $60 to $48.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 5:12 pm

Mizuho analyst Nitin Kumar maintains an Outperform rating on Devon Energy but lowers the price target from $53 to $51.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 12:47 pm

Energy stocks are declining due to easing Middle East tensions and uncertainty over China's economic stimulus, affecting demand outlook.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:48 pm

Devon Energy's short interest has increased by 9.72%, with 19.20 million shares sold short, representing 3.5% of its float. This is below the peer group average of 6.72%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 04, 2024 | 7:45 pm

BMO Capital analyst Phillip Jungwirth maintains an Outperform rating on Devon Energy but lowers the price target from $52 to $48.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 5:15 pm

Barclays analyst Betty Jiang has maintained an Equal-Weight rating on Devon Energy (NYSE:DVN) but has lowered the price target from $55 to $46.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 3:31 pm

Jefferies has initiated coverage on Devon Energy with a Hold rating and set a price target of $45.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 1:47 pm

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